Tech 1 year ago

CoinGeek

Bitspark Announces New Blockchain Trial in Tajikistan

Blockchain startup Bitspark has announced it is set to work in collaboration with the UN to develop a blockchain for use in Tajikistan.

The proposal will see the startup working with the United Nations Development Programme to develop a blockchain solution aimed at promoting financial inclusion, in a move that could revolutionise development and aid in the country.

With an estimated 90% of the population cut off from traditional financial services, with no access to bank account facilities, Bitspark hopes to develop a solution that will allow more effective remittance of relief money and aid throughout the country.

Working in partnership with the UNDP, it is hoped that the blockchain could help ease the distribution of resources to and within the country, while helping foster critical growth and economic development.

The plan will see a blockchain trail centred around migrant workers, providing access to direct remittances from overseas to Tajikistan via smartphone apps.

According to the detail of the launch, Bitspark hopes the service will ultimately be as easy as hailing a cab or making a purchase on a smartphone.

“People are familiar to sending and receiving cash and this proposal seeks to streamline that process … Instead of calling a taxi and handing over a bag of cash … Bitspark’s digital payments app Sendy can be used for instant, verifiable, trustless payments cash in cash out.”

The project is currently in early development phases, but could become a mainstream solution to the problem of overseas remittance in Tajikistan. Further, its applications in other similar scenarios around the world makes this a potentially exciting development for the aid sector.

The proposals build on similar development work already underway through the UN Development Programme looking at ways of administering aid to refugees, as part of a wider approach to assess the potential of blockchain technologies.

In recognising these possibilities, the UN heralded the blockchain as a technology with the capacity to revolutionise financial services globally.

“The application of new financial technologies like blockchain can assist in increasing the number of people with access to the financial system at less cost and at a scale necessary to make an impact and ultimately improving economic opportunities for people in Tajikistan and around the world.”

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Satoshi Vision (BSV) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BSV is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

COMMENT

Klotho gene and anti aging effect

… [Trackback]

[…] Read More on|Read More|Find More Infos here|There you will find 94000 additional Infos|Infos on that Topic: coingeek.com/bitspark-announces-new-blockchain-trial-tajikistan/ […]

Your comment is awaiting moderation.

carpet cleaning near hitchin

… [Trackback]

[…] Find More on|Find More|Find More Infos here|There you will find 96794 more Infos|Infos on that Topic: coingeek.com/bitspark-announces-new-blockchain-trial-tajikistan/ […]

Your comment is awaiting moderation.

détails

… [Trackback]

[…] Find More on|Find More|Read More Infos here|Here you will find 25500 additional Infos|Infos to that Topic: coingeek.com/bitspark-announces-new-blockchain-trial-tajikistan/ […]

Your comment is awaiting moderation.

Online Reputation Management

… [Trackback]

[…] Read More here|Read More|Find More Infos here|There you will find 6900 more Infos|Informations to that Topic: coingeek.com/bitspark-announces-new-blockchain-trial-tajikistan/ […]

Your comment is awaiting moderation.

pag1e111

… [Trackback]

[…] Find More on|Find More|Find More Infos here|Here you can find 95793 more Infos|Informations on that Topic: coingeek.com/bitspark-announces-new-blockchain-trial-tajikistan/ […]

Your comment is awaiting moderation.

网站111

… [Trackback]

[…] Read More here|Read More|Find More Informations here|Here you will find 42453 additional Informations|Informations to that Topic: coingeek.com/bitspark-announces-new-blockchain-trial-tajikistan/ […]

Your comment is awaiting moderation.

serviços informáticos

… [Trackback]

[…] Read More here|Read More|Read More Informations here|Here you will find 78566 more Informations|Informations on that Topic: coingeek.com/bitspark-announces-new-blockchain-trial-tajikistan/ […]

Your comment is awaiting moderation.

Berufsbekleidung

… [Trackback]

[…] Read More on|Read More|Find More Informations here|Here you will find 71918 more Informations|Infos on that Topic: coingeek.com/bitspark-announces-new-blockchain-trial-tajikistan/ […]

Your comment is awaiting moderation.

seo salt lake city

… [Trackback]

[…] Find More on|Find More|Find More Informations here|Here you will find 69631 additional Informations|Infos on that Topic: coingeek.com/bitspark-announces-new-blockchain-trial-tajikistan/ […]

Your comment is awaiting moderation.

먹튀신고

… [Trackback]

[…] Read More on|Read More|Find More Infos here|There you can find 64899 additional Infos|Infos on that Topic: coingeek.com/bitspark-announces-new-blockchain-trial-tajikistan/ […]

Your comment is awaiting moderation.

tree of innovation

… [Trackback]

[…] Find More on|Find More|Read More Informations here|There you will find 8499 additional Informations|Informations to that Topic: coingeek.com/bitspark-announces-new-blockchain-trial-tajikistan/ […]

Your comment is awaiting moderation.

Add a Comment

lastest news

Wirex now supports IBAN system for its crypto debit cards

Tech 13 hours ago

Wirex now supports IBAN system for its crypto debit cards

Cryptocurrency enthusiasts in the European Economic Area (EEA) can now take advantage of the Wirex crypto debit card in even more ways. Wirex has announced that cardholders across the EEA are able to add funds ...

Read More
Developer shows how double spending can occur on Bitcoin SV misses mark

Tech 23 hours ago

Developer shows how double spending can occur on Bitcoin SV misses mark

One of the reasons cryptocurrency hasn’t taken off as an alternative to fiat as quickly as many enthusiasts would like is because there is generally a wait time associated with the transactions. This delay is ...

Read More
Craig Wright explains safety of zero-confirmation transactions

Tech 1 day ago

Craig Wright explains safety of zero-confirmation transactions

Merchants can accept payments with confidence when engaging in instant transactions, as Bitcoin SV is suited for real-world trade. nChain chief scientist Dr. Craig Wright explained in a blog post that double spend attacks, where ...

Read More